It seems to me there are so many wrongs around us I don't know what to write about. The economy, however, and the way our lawmakers are dealing with it does cause my blood pressure to rise somewhat and includes many of the wrongs I perceive.
So, Obama is finally caving in on the cuts on Social Security and Medicare the Republicans insist on, which causes the twisting, wrenching sensation in my gut. In the first place, Social Security is independently finances and has nothing to do with the infamous "deficit," and in the second place, these programs help millions of older folks live better lives and provide an avenue to health care, which many younger folks don't even have.
Is the "greater good" no longer a concern for our legislators? I guess not, what with the revolving door between big business and government. Big business is government. And big business only cares about one thing: the bottom line.
The huge disparity of wealth we are experiencing means a smaller number of people have a great deal of money. As unemployment increases, more and more people become too poor even to pay taxes, so revenue decreases. Jobs become fewer and fewer, partly due to robotics and automation, and partly because so many jobs are leaving the country in search of lower wages and the absence of other fringe benefits, like health care. (Thanks to "free trade" agreements.) This all results in higher profits for the owners of corporations to enjoy, or to sock away in tax shelter accounts off shore. But the point is, it all goes to the top, and hence the great disparity.
Austerity policies have never brought an economy out of a recession. What has to happen is for poor folks to get their hands on more money, usually through employment. As they buy things, more demands for goods and services are created, and more industry occurs. Ultimately, this produces more revenue, which can be used to decrease the deficit.
The message that I hear Obama saying is to provide new jobs by repairing the infrastructure, increase spending on education and services, and increase taxes on the wealthy. If the Republicans are preventing these goals, that message needs to get out. Then, maybe Grover Norquist's "pledglings" will be voted out the next election.